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Jan 21, 2013
01/13
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. >> the economy is better, that is clear. housing is coming back. there is alignment between the business community and the priorities of the executive office. immigration reform. education. corporate tax reform. we need the other things we mentioned, the debt ceiling happened first. otherwise, this is going to be an uncertain year. >> why didn't you get picked if treasury? ing in against jack lew but they need guys like you. >> i am very flattered. fox should start a campaign for me. very flattered. >>neil: thank you, robert. when we come back, art laffer will join us and by the time that occurs the obamas and the bidens will be there. ÷÷ i have low testosterone. there, i said it. how did i know? well, i didn't really. see, i figured low testosterone would decrease my sex drive... but when i started losing energy and became moody... that's when i had an honest conversation with my doctor. we discussed all the symptoms... then he gave me some blood tests. showed it was low t. that's it. it was a number -- not just me. [ male announcer ] today, m
. >> the economy is better, that is clear. housing is coming back. there is alignment between the business community and the priorities of the executive office. immigration reform. education. corporate tax reform. we need the other things we mentioned, the debt ceiling happened first. otherwise, this is going to be an uncertain year. >> why didn't you get picked if treasury? ing in against jack lew but they need guys like you. >> i am very flattered. fox should start a...
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Jan 14, 2013
01/13
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banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about any regulation because they did not want to be subject to kinds of rules that instruct them in how to do their business. when you read the complaints from the financial industry, i would say we have to take some of those with a grain of salt. host: gretchen morgenson is the "the new york times" assistant business and financial editor. she was co-author of "reckless endangerment.' guest: who basically were the interco parties in creating the crisis decades later. host: don is next from c
banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with...
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Jan 21, 2013
01/13
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to as to save the economy. are you happy with how things are going? or power panel is here with what should be happening. for all you brides and grooms to my being the case of cold feet, don't despair. a new company lets you buy and sell your wedding. all you have to worry about is the person elected the altar. the woman behind this new business, even when they say it's not, it's always about "money." all right. we start with the first to announce plans on how exactly it hopes to pay for obamacare. a little bit surprising. republican arizona governor says that the tax increase interstate is the answer. the governor proposing a new hospital provided tax, and this is on topple all the taxes we were just three weeks ago. a number of experts and even some hospitals are on board with the governor's new tax hike. with me now is one of them. from the university of arizona public health policy and management professor. welcome to the show. do you think this is a good idea? >> good evening. i think that for arizona this is a very novel and innovative approach
to as to save the economy. are you happy with how things are going? or power panel is here with what should be happening. for all you brides and grooms to my being the case of cold feet, don't despair. a new company lets you buy and sell your wedding. all you have to worry about is the person elected the altar. the woman behind this new business, even when they say it's not, it's always about "money." all right. we start with the first to announce plans on how exactly it hopes to pay...
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Jan 14, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> great conversation, you want dale murphy in the hall of fame. dually noted. thanks to all of you. aig? we said we were going to turn it around, and we did. woman: we're helping joplin, missouri, come back from a devastating tornado. man: and now we're helping the east coast recover from hurricane sandy. we're a leading global insurance company, based right here in america. we've repaid every dollar america lent us. everything, plus a profit of more than $22 billion. for the american people. thank you, america. helping people recover and rebuild -- that's what we do. now let's bring on tomorrow. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got t
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> great conversation, you want dale murphy in the hall of fame. dually noted. thanks to all of you. aig? we said we were going to turn it around,...
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Jan 14, 2013
01/13
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banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about any regulation because they did not want to be subject to kinds of rules that instruct them in how to do their business. when you read the complaints from the financial industry, i would say we have to take some of those with a grain of salt. host: gretchen morgenson is the "the new york times" assistant business and financial editor. she was co-author of "reckless endangerment.' guest: who basically were the interco parties in creating the crisis decades later. host: don is next from c
banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with...
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Jan 20, 2013
01/13
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a lot of them have to do with the economy. fix the economy. create jobs. then there's stop spending. and then of course probably the most important that he will talk about tomorrow, compromise, work together. >> chuck todd, thank you very much. >>> let me bring in the rest of our roundtable here. joe scarborough is here from msnbc's "morning joe." adviser to obama 2012, david axelrod. chief foreign correspondent richard engel is here, safe and sound in studio. richard, it's great to see you in person this morning. "new york times" best-selling author of "team of rivals" doris kearns goodwin. in between awards shows she's joined us. and nbc news special correspondent tom brokaw. welcome to all of you. tom, that's where we tee it up. the president, as he begins a second term, very difficult climate in washington and very real expectations. >> yes. and i was looking at those top three priorities for the american people. and they all fit into his single most difficult task, it seems to me, both conceptually and specifically. in the next couple of years, he onl
a lot of them have to do with the economy. fix the economy. create jobs. then there's stop spending. and then of course probably the most important that he will talk about tomorrow, compromise, work together. >> chuck todd, thank you very much. >>> let me bring in the rest of our roundtable here. joe scarborough is here from msnbc's "morning joe." adviser to obama 2012, david axelrod. chief foreign correspondent richard engel is here, safe and sound in studio. richard,...
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Jan 16, 2013
01/13
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how important to your economy and pennsylvania is the fracking shale revolution? it is extremely important and we put an impact fee on the shale. we picked up $204 million rather than put taxes whose impact fee into the community. it has allowed the industry itself to hire people. there are related companiy ies t hire people. and you know the phrase the necessity is the mother of invention. a lot of inventions are being developed but the energy itself allows businesses across the state to grow. a lot of companies in south eastern pennsylvania and philadelphia are going to be using it to power the refineries, it is looking and hopefully will build a facility that will take the ethonol and take ethanes they are paying around $80,000. the average workforce is $47,000. >> why is the governor still waiting? >> i know what is going on. i know there are a number of people that used to be opposed to it. a lot of them have changed here. but there are a certain group that are opposed to it. but i remind many people we follow it closely and it is a technology that has been u
how important to your economy and pennsylvania is the fracking shale revolution? it is extremely important and we put an impact fee on the shale. we picked up $204 million rather than put taxes whose impact fee into the community. it has allowed the industry itself to hire people. there are related companiy ies t hire people. and you know the phrase the necessity is the mother of invention. a lot of inventions are being developed but the energy itself allows businesses across the state to grow....
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Jan 15, 2013
01/13
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economy as a whole. >> well, i think it would be clearly a very significant impact. the important thing i think about this discussion is when we're looking at it in a more holistic fashion, what are we going to do to reduce the budget deficits and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion from probably the deepest recession we've ever been in wince the depression. a lot of pent-up demand, so i think this debate is centered on the right thing, what do we do to create an environment where businesses can grow. >> if we need and if republicans argue that what needs to be done is to cut the deficit, they need to perhaps go into default, are you okay with that? ivities illustrates well again i think we need to look at that time it through the lens of economy development. anything to slow this expansion down would have very, very serious consequences to all of us. >> let me
economy as a whole. >> well, i think it would be clearly a very significant impact. the important thing i think about this discussion is when we're looking at it in a more holistic fashion, what are we going to do to reduce the budget deficits and also deal with the trade deficits, but even more importantly, what do we do to create an environment where businesses can grow and we can expand economic development? because this is still a very, very fragile expansion, though it is a expansion...
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Jan 18, 2013
01/13
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MSNBC
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we are talking about the economy and jobs and what people really wanted to see done. we moved away from that. you know, the rnc, the leadership, whatever it is, they have focused on something other than what the american people are talking about, and we paid a dear price this past november, and we'll continue to pay that price if we don't wise up and get smart about what the people in this country are concerned about. >> the other side to you, bob, as a democrat, what are the advantages the democrats have to use as a party now? they don't control the house. whatever happens on guns, for example, is going to have to come out of a republican dominated committee in the house. that's tricky. and i keep thinking in the end we can talk all we want about the man in the street and the woman in the street and public opinion. you know how it works. somebody has got to get it out of committee and on the floor of the senate and the house. >> we'll see if we can get around this rule about the majority of the majority has to be for something. basically boehner's dispensed that rule
we are talking about the economy and jobs and what people really wanted to see done. we moved away from that. you know, the rnc, the leadership, whatever it is, they have focused on something other than what the american people are talking about, and we paid a dear price this past november, and we'll continue to pay that price if we don't wise up and get smart about what the people in this country are concerned about. >> the other side to you, bob, as a democrat, what are the advantages...
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Jan 21, 2013
01/13
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is their economy, they were living off borrowed money, and there came a time no matter whether the economy produced. about a $40 billion a year economy. $40 or $5 billion. i may have that number wrong. what they produced would meet the interest needs of servicing their debt. so what has happened? confidence in their ability to repay went down, the price of their debt -- the interest cost of the debt went way up. and they have gone through two and a half or three years of austerity with rite riots and complaints. i'm not trying to compare the economy. i'm trying to compare what is going to happen to us. the same economic realities will have hit us as greece. enso we can deny it and say that ain't going to happen to us. it's been said. everything continues until it doesn't. that's what is going to happen to us. edadmiral mull lens said the greatest threat to the nation it isn't any foreign threat or al qaeda or the chinese or the russians, it's our debt. with the joint chef of staff recognizes the greatest threat to our freedom is the debt. he didn't speak in military terms. i think we can n
is their economy, they were living off borrowed money, and there came a time no matter whether the economy produced. about a $40 billion a year economy. $40 or $5 billion. i may have that number wrong. what they produced would meet the interest needs of servicing their debt. so what has happened? confidence in their ability to repay went down, the price of their debt -- the interest cost of the debt went way up. and they have gone through two and a half or three years of austerity with rite...
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Jan 14, 2013
01/13
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economy of over $400 billion annually by 2030. already they say it's stealing $1.2 trillion from the global economy each year and contributing to deaths of nearly 400,000 people. now, one hopeful sign here if you, chris, the cost of extreme disasters and catastrophes, natural or manmade, that went down last year. >> so one little piece of good news in the middle of all of that other concern. >> yes. >> it's a beautiful day here in new york. >> it is a beautiful day today. >> yeah. thank you so much, richard. >>> and that's going to wrap up this hour of "jansing and company." i'm chris jansing. thomas roberts is up next. >> good morning, everybody. topping our agenda, president obama meets the press. he's going to be holding his 37th solo news conference, the final news conference of his first term. just minutes from now we're told scheduled for 11:30, everything from the debt ceiling showdown to gun control to immigration reform. and the president's cabinet will likely be on the table, as well. we have an all-star nbc and msnbc pa
economy of over $400 billion annually by 2030. already they say it's stealing $1.2 trillion from the global economy each year and contributing to deaths of nearly 400,000 people. now, one hopeful sign here if you, chris, the cost of extreme disasters and catastrophes, natural or manmade, that went down last year. >> so one little piece of good news in the middle of all of that other concern. >> yes. >> it's a beautiful day here in new york. >> it is a beautiful day...
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Jan 21, 2013
01/13
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whatever happens with the economy, he can take the credit or the blame. host: sarah from boise, idaho. caller: i wanted to say how wonderful the festivities were today. it just touched my heart. just seeing all the hope on the people's faces out there, all, my goodness. even talking about it now i am getting teary-eyed again. and the love, it was wonderful. so much coal. i just know that the next four years is going to be wonderful. yesterday was my birthday. i am 63. so every four years i get a president, and i'm very happy about that. host: well, sarah, happy birthday. felicia sonmez, thoughts? guest: politics often playset by press release and statements from one side or the other, that we only see electronically or delivered from floor speeches, but what is interesting about a day like today and the state of the need is that you get to see the reaction real time. the president's supporters were definitely thrilled about everything onstage today. was also interesting was the republican members of congress up there and out they were responding. i was un
whatever happens with the economy, he can take the credit or the blame. host: sarah from boise, idaho. caller: i wanted to say how wonderful the festivities were today. it just touched my heart. just seeing all the hope on the people's faces out there, all, my goodness. even talking about it now i am getting teary-eyed again. and the love, it was wonderful. so much coal. i just know that the next four years is going to be wonderful. yesterday was my birthday. i am 63. so every four years i get...
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Jan 20, 2013
01/13
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for washington, this is a great injection into the economy. host: this is from one of our viewers -- guest: thought the inauguration funding has not changed very much. the best comparison for this year is 2005, the george w. bush second inauguration, $45 million was raised for his committee. security costs there were comparable. there rose fivefold after 9/11. by 2005 they were in the $100 million range. this inauguration, despite hardships, the numbers are staying fairly concept -- fairly constant. host: our first president was sworn in on april 30 in new york city. it has moved back and forth from the east front to other locations on capitol hill. from harry truman through jimmy carter, it was always on the east front of the capital. moved by the congressional committee to the west front in 1985, which is where it remains today. kansas, independent line, good morning. caller: i think it is amazing that we all want to complain about every penny that is spent in washington, d.c., because of the inauguration. this is something special that happ
for washington, this is a great injection into the economy. host: this is from one of our viewers -- guest: thought the inauguration funding has not changed very much. the best comparison for this year is 2005, the george w. bush second inauguration, $45 million was raised for his committee. security costs there were comparable. there rose fivefold after 9/11. by 2005 they were in the $100 million range. this inauguration, despite hardships, the numbers are staying fairly concept -- fairly...
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Jan 19, 2013
01/13
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. >> two weeks ago i would have said it's quiet this year, the economy, less excitement. and yet in the past four days, i've gotten invitations to things i had no idea were going to happen. things coming out of the woodwork. i don't know what it is. some people are scaling back instead of having big dance parties at night, a lot of corporations are doing brunches. whether that's actually less expensive or whether it's just supposed to look less expensive, i'm not exactly sure. but you are -- >> you think it's about optics. >> perhaps. i mean, that's certainly with the -- having the two official inaugural balls. >> i've seen so much ink about online and print and even on television, about the first lady's haircut. i wonder if this saturday, if people are going into their salons, amy, saying, hey, listen, can i get the -- michelle obama? yeah. >> yeah. >> what do you think? >> yeah, oh, i think so. we've seen the photo. we're going to want to see how the bangs move. that's what we'll be looking for. >> let's see. >> i've got the side sweep. she got the straight across much.
. >> two weeks ago i would have said it's quiet this year, the economy, less excitement. and yet in the past four days, i've gotten invitations to things i had no idea were going to happen. things coming out of the woodwork. i don't know what it is. some people are scaling back instead of having big dance parties at night, a lot of corporations are doing brunches. whether that's actually less expensive or whether it's just supposed to look less expensive, i'm not exactly sure. but you are...
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Jan 14, 2013
01/13
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, it's hurting our economy as we speak. we shouldn't be having that debate and by the way, the american people agreed with me that we should reduce our deficit in a balanced way that also takes into account the need for us to grow this economy and put people back to work. >> megyn: well, when it comes to america's 16 trillion dollar debt, and raising our debt ceiling even more in the coming weeks, you just saw, today's hour long news conference summed up in that 60 second exchange and we shortened it down just to give you a flavor. the president does not want to negotiate and he says he has the voters behind him. he wants to congress just let him raise the debt limit or for them to do it. joining me now charles payne from the fox business network and john of left action and wall street journal columnist, the 50 economic indicators that really matter. we were just talking about that sound bite and that exchange with major garrett, formerly of fox and now cbs and the president was testy and didn't seem to much like the questi
, it's hurting our economy as we speak. we shouldn't be having that debate and by the way, the american people agreed with me that we should reduce our deficit in a balanced way that also takes into account the need for us to grow this economy and put people back to work. >> megyn: well, when it comes to america's 16 trillion dollar debt, and raising our debt ceiling even more in the coming weeks, you just saw, today's hour long news conference summed up in that 60 second exchange and we...
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Jan 16, 2013
01/13
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economy's actually poised for a good year if only congress can get out of the way. i kind of paraphrased that last part. now that we know we're not going to be minting a trillion dollar coin, we need something different. a bill that would repeal the debt ceiling altogether. it is an idea supported publicly by alan greenspan and times man of the year last year, ben bernanke. it is an idea that could prevent lawmakers from lurching our country from one crisis to the next just to ring out some short-term gain until another republican sits in the oval office. that's why it's probably an idea that this congress has no chance of making law. but joining me now is one of the sponsors of the bill to repeal the debt ceiling altogether, democratic congressman from vermont and a member of the committee on house oversight and government reform, representative peter welch. sir, thank you so much for joining us tonight. >> good to be with you. >> john: right on. let me ask you just for starters, why does the debt ceiling exist in the first place. does it serve any function? >> it
economy's actually poised for a good year if only congress can get out of the way. i kind of paraphrased that last part. now that we know we're not going to be minting a trillion dollar coin, we need something different. a bill that would repeal the debt ceiling altogether. it is an idea supported publicly by alan greenspan and times man of the year last year, ben bernanke. it is an idea that could prevent lawmakers from lurching our country from one crisis to the next just to ring out some...
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Jan 13, 2013
01/13
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and global economy. guest: i have been looking at these countries and investing in them for nearly two of decades now. i have also been writing about them. i was keen to share what exactly is going on in these countries, which ones are likely to rise and fail in the years ahead. what struck me as i was doing the research is that there are many things that capture the imagination of investors for a decade, a rarely do they last for more than a decade. in the 1980's, we have paranoia about japan over taking the united states. in the 1990's, it was all about the technical -- tech buble. i think the last decade will be remembered for the rise of the bric countries. never before did we see so many countries boom simultaneously. that boom is coming to an end. the rising tide of global liquidity that lifted countries is ebbing. we have to figure out which ones will truly rise and which ones will fail. we need to do it over a reasonable time frame. the timeframe they used to analyze this is 50 or 100 years. my p
and global economy. guest: i have been looking at these countries and investing in them for nearly two of decades now. i have also been writing about them. i was keen to share what exactly is going on in these countries, which ones are likely to rise and fail in the years ahead. what struck me as i was doing the research is that there are many things that capture the imagination of investors for a decade, a rarely do they last for more than a decade. in the 1980's, we have paranoia about japan...
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Jan 17, 2013
01/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever y
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. is the same frequent heartburn treatment as prilosec otc. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored...
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Jan 15, 2013
01/13
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CURRENT
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because it is economic disaster for our -- our country, but also for all of the essential players in the economy, and so i'm hoping that the -- the mostly republican large corporate executives and businesses and wall street weigh in and grab these people by the collar and say are you crazy? the consequences are so bad? and if you think that the right-wingers are the only ones that are going to play in the next election you are mistaken. the chamber of commerce, business round table, et cetera could play an important role here and some reality check with some of these. some of us have introduced legislation that would actually repeal the debt ceiling. it's only us and denmark that has a debt ceiling and all of the countries of the world. >> stephanie: right. >> and we should just get rid of that rule. >> stephanie: yeah, i agree. and it's interesting to your other point. even newt gingrich made that point that the financial community is going to come in. he basically said it's a political loser, stop bluffing about it. >> right. >> stephanie: but we saw the same talking points yesterday. >> yeah,
because it is economic disaster for our -- our country, but also for all of the essential players in the economy, and so i'm hoping that the -- the mostly republican large corporate executives and businesses and wall street weigh in and grab these people by the collar and say are you crazy? the consequences are so bad? and if you think that the right-wingers are the only ones that are going to play in the next election you are mistaken. the chamber of commerce, business round table, et cetera...
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Jan 20, 2013
01/13
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CNNW
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the economy, democrats might object when i say this, but the economy more than republicans were the president's enemy in the first time. no money coming in, no room to maneuver. >> he's got one fight after another coming up, although we've put off one fight a couple months, and the president has to get over that in order to get to the rest of his agenda, and the question i have is whether the president is going to actually anger some of his liberal team by making those commitments on entitlement cutbacks on medicare, for example, in particular in order to get to the rest of his agenda and to david's point, to keep the economy chucking along. >> does he see that, david, as central though? i mean, to so many people in the business community, it does seem central. if you don't put out a plan for entitlement reform, you can't get long-term growth in the economy, you srm can't, because there's too many unknowns and strangle holds that are going to hit the economy. does he see it that way or does he not see that risk? >> i think that's a really good question because at the end of the day i think the
the economy, democrats might object when i say this, but the economy more than republicans were the president's enemy in the first time. no money coming in, no room to maneuver. >> he's got one fight after another coming up, although we've put off one fight a couple months, and the president has to get over that in order to get to the rest of his agenda, and the question i have is whether the president is going to actually anger some of his liberal team by making those commitments on...
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Jan 21, 2013
01/13
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CNBC
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what does the president need to do, what can he do to get the economy growing? >> well, look, in the near term what he needs to do, and i'm not sure politically -- forget about the politics, which is is interesting. he told his staff, give me good advice, forget about politics for now. i think that makes sense. i think he's in a similar space to where you're asking. i think what he needs to do in the short term is think about fiscal measures to help complement what the federal reserve is doing. they have the pedal to the metal on interest rates. they're very low. absent more demand on the consumer side, obviously low interest rate isn't going to be enough. so he has to do some of these jobs measures and you have actually seen some of those slipping into the budget bills. infrastructure is something he'd really like to see more of. >> chuck, even if republicans have backed away on debt limit as a potential threat, do you really think that they're going to cooperate on stimulus as jared is recommending? >> no, i think that's probably a bridge too far. i do think t
what does the president need to do, what can he do to get the economy growing? >> well, look, in the near term what he needs to do, and i'm not sure politically -- forget about the politics, which is is interesting. he told his staff, give me good advice, forget about politics for now. i think that makes sense. i think he's in a similar space to where you're asking. i think what he needs to do in the short term is think about fiscal measures to help complement what the federal reserve is...
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Jan 21, 2013
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we are going to put this nation's economy on a sustainable path to the future. ladies and gentlemen, it is my great honor to introduce you to a magnificent first lady, michelle obama and the guy she hangs out with, my friend, president barack obama. [applause] hey. [applause] cominght you weren't out! i thought you weren't coming. but you changed your mind. [applause] >> hi, everybody. [applause] excuse our tardiness, but you know what? when stevie wonder has a few words to say to you, you don't rush stevie wonder. pardon our delay. [applause] thank you so much. thank you for that kind introduction. more importantly, thank you for your leadership. [applause] i love joe biden. [applause] i love jill a little bit more. [laughter] but i want to thank you both for making this journey so much more fun. our families have bonded and this has just been a phenomenal four years. i am ready to do four more with both of you. most of all, i want to thank all of you here tonight for everything you have done to bring this inauguration to life. this weekend has been such a wond
we are going to put this nation's economy on a sustainable path to the future. ladies and gentlemen, it is my great honor to introduce you to a magnificent first lady, michelle obama and the guy she hangs out with, my friend, president barack obama. [applause] hey. [applause] cominght you weren't out! i thought you weren't coming. but you changed your mind. [applause] >> hi, everybody. [applause] excuse our tardiness, but you know what? when stevie wonder has a few words to say to you,...
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Jan 15, 2013
01/13
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if the united states does that, it will tank our credit rating and economy and make any discussion of what would happen going over the fiscal cliff look like child's play. that's why the president said, look, he is not going to allow the american economy to be held hostage in that way. he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the economy by undermining the full faith and credit of the united states government. we have never done that in the history of this republic and we shouldn't start doing it now. >> all right. congressman van hollen, always a pleasure to speak with you. thank you, sir. >> likewise. >>> the house will vote on the massive hurricane sandy bill and things are heated on the house floor today. >> we are asking, we are pleading and we shouldn't have to beg for money for the northeast to be able to survive. >> but some republicans say they will vote against the bill despite calls from members in their own
if the united states does that, it will tank our credit rating and economy and make any discussion of what would happen going over the fiscal cliff look like child's play. that's why the president said, look, he is not going to allow the american economy to be held hostage in that way. he is absolutely prepared to continue to negotiate ways to reduce our budget deficit and that's exactly what we should be doing but we shouldn't be doing it under the threat, the republican threat, of tanking the...
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Jan 21, 2013
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the economy is sluggish. international challenges put a damper on many things. the president has a lot of work to do and a lot of battles ahead with republicans. they expect it could be significantly smaller. instead of 1.8 four years ago. they lowered the crowd estimates. originally 600 to 800,000. yesterday we were infirmed organizers think maybe closer to 500 to 700. only perhaps a quarter of the size of four years ago. of those here no less enthusiasm. bill, martha. bill: history will show you the beginning of second term, sometimes you get 250, 300,000 at the high end. carl, we'll talk to you later this morning. carl cameron on the mall. martha? martha: people who are here are very enthusiastic and excited to be part of this big day. no doubt that means very tight security here in washington as well. there will be extra air and boat patrols around the city along with checkpoints and metal detectors along the parade route. 2000 police officers from 0 states are helping with security. lined up motorcycles behind us on the parade route. more than 6,000 members
the economy is sluggish. international challenges put a damper on many things. the president has a lot of work to do and a lot of battles ahead with republicans. they expect it could be significantly smaller. instead of 1.8 four years ago. they lowered the crowd estimates. originally 600 to 800,000. yesterday we were infirmed organizers think maybe closer to 500 to 700. only perhaps a quarter of the size of four years ago. of those here no less enthusiasm. bill, martha. bill: history will show...
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Jan 21, 2013
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and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are going to hold this vote now and they still get another bite of the apple three months from now to try to push the administration to cut spending if they want to raise the debt limit again. >> nancy, we had chance to talk to condoleezza rice yesterday, the former u.s. secretary of state. she told us that when you are an official up there watching the president's inaugural address in his first address, you're taken with the hope and the grandeur of it all. when you're up there for second address you're looking at your watch thinking, i got to get back to work, we've got a l
and spending and the economy. what republican leaders were trying to convey to some of their more junior members, perhaps who like the idea of really holding the white house's feet to the fire on issues like this, if we want to be seen as a governing party not just an opposition party that is constantly threatening to take the government in to a shutdown or default we are going to have to show that we are reasonable. and the fact is that they are going to hold this vote now and they still get...
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Jan 21, 2013
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together we determined that a modern economy requires railroads and highways to speed travel and commerce, schools and colleges to train our workers. together we discovered that a free market only -- and fair play. together we resolve that a great nation must care for the vulnerable and protect its people from life's worst hazards and misfortunes. through it all we have never relinquished, nor have we succumb to the fiction that all society's ills can be cured through government alone. our celebration of initiatives and enterprise, our insistence on hard work and personal responsibility, these are constant in our character. we have always understood that when times change so must we. that fidelity to our funding principles requires new responses to new challenges. our individual requires collective action, the american people can no more meet the demands of today's world by acting alone than american soldiers that met the forces of fascism or communism with musicales and militias, no single person can train all the math and science teachers we'll need to equip our children for the future
together we determined that a modern economy requires railroads and highways to speed travel and commerce, schools and colleges to train our workers. together we discovered that a free market only -- and fair play. together we resolve that a great nation must care for the vulnerable and protect its people from life's worst hazards and misfortunes. through it all we have never relinquished, nor have we succumb to the fiction that all society's ills can be cured through government alone. our...
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Jan 19, 2013
01/13
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so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007 or 2006, we see increases in production. rising house prices will affect household wealth. that is what i hope will be a better year in 2013 and 2014. a few other things that are positive, just to point out, is that state and local governments which had been very contraction remote -- great contraction ary mode, they are in better shape than they were. as a result, they will not be a drag on the academy that they have been in the last few years. -- on the economy that they have been in the last few years. energy. consumers are more
so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007...
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Jan 15, 2013
01/13
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the problem is the toddlers could topple the economy. >> exactly. well, that's the whole issue here, to what degree are they able to bring the economy down. will john boehner at the end of the day have to do what he did with the tax bill, which is basically cede control of the house more or less to the democrats and have most of his party vote against something but allow a vote to come up that will let democrats and nancy pelosi yet again rescue the day. >> okay, jared. i want to play you something the president said on monday. you referenced it yourself. take a listen. >> they will not collect or ransom an exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. >> jared, i put it to you, do they not realize this fight isn't just hurting the economy. it's also helping this president look like the only grown-up in washington. >> i don't think they're calculus on this stuff is as rational as your question suggests, of course. but, again, if you actually get out of this beltway, and i
the problem is the toddlers could topple the economy. >> exactly. well, that's the whole issue here, to what degree are they able to bring the economy down. will john boehner at the end of the day have to do what he did with the tax bill, which is basically cede control of the house more or less to the democrats and have most of his party vote against something but allow a vote to come up that will let democrats and nancy pelosi yet again rescue the day. >> okay, jared. i want to...
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Jan 21, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. stuart: listen to this, a new report coming out of asia this morning that apple plans to release three new iphones this year. keep in mind, this is just a report out of china. this comes after wall street journal reported that apple was cutting its iphone screen orders. very interesting report, though. one union from hostess hired a new york investment banker to represent them as the makers of the twinkie and wonder bread start to sell off the brands. the group, they will represent around 6,000 former hostess workers. and a report that shows talks with private equity firms for a potential buyout have slowed down for dell after shareholders opposed the price of the deal. now, coming up, a mystery guest, the man who was with
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. stuart: listen to this, a new report coming out of asia this morning that apple plans to release three new iphones this year. keep in mind, this is just a report...